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plan calls for a five trillion tax cut. >> i don't have a five trillion tax cut. >> that has campaigns arguing. what is the truth? romney does want to cut tax rates, that would reduce revenue by five trillion over ten years. he would offset the loss by eliminating loopholes and deductions but he has refused to say which ones. >> romney's solution he decided there wasn't math involved in this problem. that is absolutely crazy. >> as the president continues the fund-raising swing in the west, mitt romney will deliver a speech tomorrow with a stinging rebuke of obama policy especially in the middle east. >>> president obama appeared at nokia theater in los angeles and allied today his lack laws terrify debate performance last week. >> everybody is incredible professionals and they perform flawssly night after night. i can't ways say the same. >> he came on stage after perfornces by perform answers. he went to a $25,000 per plate dinner. >> he is in san francisco tomorrow. his first event is intercontinental hotel in san francisco. traffic signs is mark regular strict areas. followed by a
months calls for a $5 trillion tax cut flip' not lookior $5rillion tax cut. i said i won't p in place a tax cut that adds to the deficit. >> the other big story tonight the great debate. president obama and governor romney fight over taxes and the economy. good evening. i'm dan ashley. let's get the latest on this tonight from abc 7 news political reporter mark matthews. it was an interesting exchange. >> it was clear right from the start that mitt mitt romney sae debate as a chance to shake up the race and came out aggressive and prepared and put the president on the defensive for much of the 90 minutes. >> president obama and mitt romney went head to head. the candidates boiled down their economic arguments. >> governor romney has a perspective that says if we cut taxes skewed towards the wealthy and roll back regulations that we will be better off. i have got a different view. >> the president has a view very similar to the view he d when ran four years guy. if you will, trickle down government would work. that is not the right answer for america. >> romney's comments about the 47%
accused romney of proposing tax cut for the rich that will hurt the middle class. >> average middle class family with children would pay 2000 dollars more. >>reporter: fact check. president numbers are shakey. 5 trillion is romney proposed tax cut over the next 10 years. the president number assumes that there will be no change from increased economic growth. when it came to the health care debate romney made a similar assumption. >> i can't understand how you can cut medicare 7 16 billion dollars for current cipient onedicar. >>repoer: fact check that 7 16 billion dollar projection. the president plan saves that much money by limiting payments to insurance company, drug company and hospitals. and they have all agreed to those reductions. soless tonight both men were relaying on own assumptions. the facts sometimes took a beating. >> think basically pele a judgg on the perfmance itse. on who seemed more confident. more relaxed. >>reporter: sov news political analyst bruce king says nobody is judging the debate on most factual argument. both men stretched the truth to fit their as
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